Scott Reed Family Charitable Foundation
- Assets
- $153.2k
- Revenue
- $54.9k
- Investments
- $101.1k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-6368479
Organization Overview
Scott Reed Family Charitable Foundation is located in Wheeling, WV. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scott Reed Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Scott Reed Family Charitable Foundation generated $54.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $6.8k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott D Reed Trustee | 1 | $0 | |
Laura O Reed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,209 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $515 |
| Total Revenue | $54,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112 |
| Total operating and administrative expenses | $112 |
| Contributions, gifts, grants paid | $6,710 |
| Total expenses and disbursements | $6,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,072 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $153,182 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Scott Reed Family Charitable Foundation has awarded $6,710 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: CHARITABLE | $1,600 |
Wheeling, WV PURPOSE: CHARITABLE | $1,000 |
ST MICHAELS PARISH PURPOSE: CHARITABLE | $1,000 |
INTERNATIONAL DYSLEXIA ASSOCIATION GA PURPOSE: CHARITABLE | $662 |
Wheeling, WV PURPOSE: CHARITABLE | $610 |
A SPECIAL WISH FOUNDATION PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |